EMCC European Monitoring Centre on Change

General Motors

Company/Organisation:
General Motors

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 244500

Employment Effects

Announcement Date: 19-02-2009
Planned Job Reductions min: 47000
Planned Job Reductions max: 47000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

General Motors, the US biggest carmaker, has presented a reviewed restructuring plan that envisages 47,000 job cuts out of a total 244,500 worldwide by the end of 2009 due to a further deterioration of the global economy. The dismissals are the largest workforce reduction announced by a US company since the beginning of 2008. The GM job cuts include 10,000 salaried and 37,000 blue-collar positions. Jobs outside the US will account for 26,000 of the reductions.